$4.9 M Sale of Private Jet Sets eBay Record

SAN JOSE, Calif., Aug. 16, 2001 – A business jet sold today for $4.9 million on eBay, setting a record for the highest known sale price for any single item achieved on the online marketplace, and one of the highest on the Internet.

Owned by Texas-based Tyler Jet, the Gulfstream II jet is a luxurious aircraft configured to seat twelve passengers in plush surroundings. The buyer is a charter aircraft company located in Africa.

The record sales price of $4.9 million is more than three times the previous known eBay record of $1.65 million.

The Gulfstream II jet was one of several items listed for sale on eBay’s new aviation category, which was launched late last month. Located at www.ebay.com/aviation , the site also listed a twin-engine Cessna airplane, a Hawker jet and a Citation III jet, as well as special interest aircraft once owned by celebrities such as the late John F. Kennedy, Jr. and actor John Travolta. Michael Barnes of Barnes & Co. in St. Louis produced the special sale.

“Listing on eBay expands our audience of potential buyers and gives us an opportunity to generate excitement around each aircraft sale,” said Tyler Tysdal, managing partner of Tyler Jet, the world’s largest business jet dealer. “We’re very pleased that the sale of our jet sets a new price record for eBay.”

In addition to aircraft, the new eBay aviation category also lists engines, parts, avionics equipment, pilot gear, clothing and memorabilia.

About eBay

eBay is the world’s online marketplace. Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay, as well as on Half.com, eBay’s site dedicated to fixed price trading. eBay enables trade on a local, national and international basis with customized sites in markets around the world.

About Tyler Jet

Tyler Jet is the world’s largest business jet dealer. The Company has owned and resold two times more business jets than the nearest competitor in the world. In the business jet arena, Tyler Jet continues to be the world’s top reseller of Gulfstreams, Falcons and Lears and the world’s second largest reseller of Hawkers and Citations. Tyler Jet is located in Tyler, Texas and is owned by Tim Beverley and Kaschke, Smith & Tysdal Capital. The website at www.tylerjet.com contains more information about the company.